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Data standards, such as XBRL, are increasingly being adopted to lower the cost of data processing. We have bundled our insights and experiences of supporting organizations with XBRL-implementations into this Point of View. This publication explores the topics that regulators and governments can consider when introducing data standards to improve business reporting and lower the administrative burden. The document showcases Deloitte’s vision on XBRL and the future of reporting.

This paper is aimed at government officials, standard setters, and regulators involved in improving regulatory and compliance reporting, eGovernment solutions, and regulatory reform.

In Romania, the services are provided or supported by Deloitte Audit SRL, Deloitte Tax SRL, Deloitte Consultanta SRL, Deloitte Fiscal Representative SRL, Deloitte Tehnologie SRL, Deloitte GES Support Services SRL and Deloitte Shared Services SRL. Deloitte is one of the leading professional services organizations in Romania providing, in cooperation with Reff & Associates, services in audit, tax, legal, consulting, financial advisory, risk advisory, business processes and technology services and other related services with more than 1100 professionals. Please see www.deloitte.com/ro/about to learn more about our global network of member firms.